Vertiv Holdings price target raised to $52 from $45 at TD Cowen

TD Cowen analyst Lance Vitanza raised the firm’s price target on Vertiv Holdings to $52 from $45 and keeps an Outperform rating on the shares. The firm sees substantial headroom for strong top-line growth and an opportunity to exploit operating leverage that is only just beginning. A conservative balance sheet provides significant flexibility as to how Vertiv ultimately deploys an expected $6.5 billion of cash while simultaneously investing for future growth.TD Cowen calls Vertiv Holdings a Best Idea for 2024.